Word: clutterbuck
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Dates: during 1960-1969
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...imitator. Under various license deals, it produces Westinghouse refrigerators and air conditioners, Hoover washing machines, British Motor Corp. Riley cars, Italian Lambretta scooters, Swedish Electrolux floor polishers and a multitude of other hard goods for Argentina, which boasts the broadest middle-class market in Latin America. Says Chairman Guy Clutterbuck, 55: "Conditions in Argentina make it difficult to carry out long and costly experimental programs. After all, Europe and the U.S. have much more technical know-how than...
...Languages to Start. Clutterbuck grew into this tradition under the tutelage of the company's Italian-born founder, Torcuato Di Tella, who started half a century ago in a Buenos Aires garage as a producer of bakery machinery. Benevolently dictatorial Di Telia traveled far and saw even farther, signed license deals to manufacture U.S. iceboxes and, when cars came into vogue, U.S. gas pumps. Seeking a bilingual secretary to help with his U.S. and British contacts, he hired Clutterbuck, then 16, an orphaned son of British immigrants who never went beyond high school. Clutterbuck got his education in management...
Besides hurdling some personal obstacles, Clutterbuck overcame many business handicaps peculiar to Latin America. Six years ago a discharged worker shot him in the face, leaving him with a twitchlike scar. Late in 1961, when many other Argentine businessmen were spending wildly in a euphoric inflation, Clutterbuck and a few top executives sensed political turmoil ahead and started retrenching. They gradually laid off 1,500 workers and cut back terms for installment-plan sales from two years to a year or less. All this deflated volume, but helped to preserve profits...
...oriented union, pushing for wage increases, led a slowdown that temporarily reduced automobile output from 36 cars to four cars a day. But retrenchment has left SIAM lithe and ready for fresh expansion. With the philosophy of a patriot who feels that Argentina has only one way to go, Clutterbuck says: "My country is at the bottom of the hill. Now we start to climb the other side...
...through a succession of army camps, prisons, hospitals and asylums. The characters are often almost the same as in Decline and Fall: for the wealthy Mrs. Beste-Chetwynde and her brattish son Peter, Auberon substitutes the wealthy Lady Julia Foxglove and her brattish son Martin; for the loutish Percy Clutterbuck there is the loutish Kenneth Stout; for the sycophantic Dr. Augustus Fagan there is the sycophantic Brother Aloysius. Even the scenes in The Saga are hauntingly familiar: a garden party that is entertained by the Bidcombe Platinum Band recalls the garden party of Decline and Fall, with its Llanabba Silver...